The last couple of weeks have certainly been interesting in the airline industry; not so much for what has happened, but for what hasn’t happened.

A month ago the industry grapevine burned up with rumor after rumor about a possible merger between Delta and Northwest Airlines. Merger talks reportedly were going full steam until it came time to get buy in from the pilots union. That’s when things came to a grinding halt (at least that’s the way it appears to be). Now, it’s dead quite.